GoConnect Balance Sheet Health
Financial Health criteria checks 2/6
GoConnect has a total shareholder equity of A$-1.7M and total debt of A$267.3K, which brings its debt-to-equity ratio to -16%. Its total assets and total liabilities are A$109.5K and A$1.8M respectively. GoConnect's EBIT is A$592.2K making its interest coverage ratio -1040.7. It has cash and short-term investments of A$11.9K.
Key information
-16.0%
Debt to equity ratio
AU$267.27k
Debt
Interest coverage ratio | -1040.7x |
Cash | AU$11.90k |
Equity | -AU$1.67m |
Total liabilities | AU$1.78m |
Total assets | AU$109.49k |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: GO8 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: GO8 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: GO8 has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: GO8's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Debt Coverage: GO8's debt is well covered by operating cash flow (29.5%).
Interest Coverage: GO8 earns more interest than it pays, so coverage of interest payments is not a concern.